Corporate digest

CSC Holdings

GEOTECHNICAL engineering firm CSC Holdings secured foundation contracts worth more than S$70 million in total in August. They include work on Exxon Mobil's multi-billion-dollar expansion of its integrated manufacturing complex on Jurong Island, Singapore Institute of Technology's new campus at Punggol North, and the North-South Corridor Tunnels. The contracts are expected to contribute positively to CSC's full-year results for the financial year ending March 31, 2020.

Tiong Seng Holdings

CONSTRUCTION firm Tiong Seng Holdings said its unit has secured a S$287 million contract from JTC Corporation to build an industrial building at the latter's Ang Mo Kio industrial Park. It will be a seven-storey industrial ramp-up multi-user building with ancillary facilities. Site possession is expected in September. The contract is not expected to have any material impact on the group's net tangible assets and earnings for the current financial year ending Dec 31.

China Jinjiang Environment

S&P Global Ratings has revised its outlook on China Jinjiang Environment from negative to positive.

According to mainboard-listed China Jinjiang Environment, S&P on Sept 3 also affirmed the company's issuer rating of BB-, and the long-term issue rating on US$200 million aggregate principal amount of 6 per cent senior notes due 2020, issued by the company, of B+.